ACE SOFTWARE EXPORTS LIMITED
Regd. Office: 801, "Everest", Opp. Shastri Maidan, Rajkot - 360 001
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2007
							(Rs. In Lacs)
Sr.	Particulars	Nine Months	Quarter	Quarter	Year Ended	Year Ended	Consolidated Financials
No.		Ended	Ended	Ended			Year Ended March 31
		31-12-2006	31-03-2007	31-03-2006	31-03-2007	31-03-2006	(Audited)
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)	2007	2006
1	Income From Operations	340.48	112.22	153.89	452.70	497.19	1909.08	1478.17
2	Other Income	55.38	27.10	8.84	82.48	33.09	93.89	37.97
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	8.65	33.80	19.45	42.45	(52.63)	42.45	(52.63)
	(B) Software & Contract Charges	206.93	53.22	74.01	260.15	305.85	301.57	339.11
	(C) Staff Cost	27.00	5.07	8.05	32.07	42.41	719.40	517.06
	(D) Other Expenditure	86.48	33.67	44.17	120.15	135.64	488.26	398.62
4	Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	23.58	8.18	1.24	31.76	31.99	91.47	88.84
6	Profit Before Tax	43.22	5.38	15.81	48.60	67.02	359.82	225.14
7	Provision For Taxation
	- Current Tax	0.00	0.00	0.00	0.00	0.00	2.15	1.53
	- Deferred Tax	0.00	4.36	4.45	4.36	4.45	7.16	5.37
	- Fringe Benefit Tax	0.14	1.43	0.92	1.57	0.92	3.28	1.65
8	Profit After Tax	43.08	(0.41)	10.44	42.67	61.65	347.23	216.59
9	Minority Interest						38.64	43.71
10	Profit After Minority Interest						308.59	172.88
11	Paid up Equity Share Capital	512.17	512.17	512.17	512.17	512.17	512.17	512.17
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00	10.00	10.00
12	Reserves Excluding Revaluation
	Reserves				644.11	630.70	649.07	720.95
13	Basic EPS for the Period	0.84	-0.01	0.20	0.83	1.20	6.03	3.38
14	Segment Capital Employed	1186.74	1156.28	1142.87	1156.28	1142.87	1161.24	1233.12
15	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2438451	2433901	2433901	2433901	2433901	2433901	2433901
	(b) Percentage of shareholding	47.61%	47.52%	47.52%	47.52%	47.52%	47.52%	47.52%
Notes :
	(1) The above results were reviewed by the Audit Committee and thereafter the same were approved and taken on
	record at the meeting of the Board of  Directors held on June 30, 2007.
	(2) The above figures have been regrouped, rearranged wherever necessary.
	(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
	(4) The consolidated results have been prepared in line with the requirements of Accounting Standard-21 " Consolidated
	Financial Statements".
	(5) The extent of holding of the company in Rajkot Computer Education Pvt. Ltd is 100%,  in Apex Advanced Technology
	Pvt. Ltd. is 79.75% and in Apex Knowledge Solutions Pvt Ltd is 51%.
	(6) The Board of Directors have recommended dividend @ 5% for the year 2006-07.
	(7) There were no investor complaints pending on 01/01/2007 &  1 complaint was received during the  quarter ended 31st
	March 2007 which was duly attended to.
					For and on Behalf of the Board
	Place : Rajkot				Sanjay H.Dhamsania
	Date   : 30-06-2007				Jt. Managing Director